BTC VS USDT
In this analysis, you can see that Bitcoin is in an ascending rectangle
And Dominance Tether in a descending rectangle, we have to be patient and see which direction the market moves
If the rectangle in Bitcoin breaks upwards, our medium-term target is $37,500
If the rectangle breaks down, our target is $28,200 in the medium term
And regarding the Dominance Tether chart, we can measure the liquidity of digital currencies and, conversely, the inflow of capital into Bitcoin and get confirmation.
And Dominance Tether in a descending rectangle, we have to be patient and see which direction the market moves
If the rectangle in Bitcoin breaks upwards, our medium-term target is $37,500
If the rectangle breaks down, our target is $28,200 in the medium term
And regarding the Dominance Tether chart, we can measure the liquidity of digital currencies and, conversely, the inflow of capital into Bitcoin and get confirmation.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.